The Uptrend in Gold Is Broken, Next Stop Could Be $1000: Don Hays

Gold is getting a second look in many circles, which is probably no surprise considering the recent rebound in the dollar, the record run of stocks, and the never ending saga of sequesters and threatened service cuts emanating from Washington. This after the precious metal is in the throes of an 18-month sell-off from its all-time high of $1900 in the fall of 2011.

While many have argued that gold has finally found support at $1500, Don Hays, the founder and president of Hays Advisory in Nashville, is not one of them…

…”It’s hard to imagine, but I can’t see gold selling for much more than $1000 an ounce,” this one-time NASA engineer predicts. “Not immediately, but in the next two to three years .” >>MORE>>Yahoo.com